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Why No One’s Breaking Out the Bubbly

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Shhhh! Don’t look now, but the S&Ps have tiptoed up to their all-time highs, presumably to attempt a quarterback sneak on Friday that would mute the hubris when they cross the goal line. DaBoyz don’t want to jinx the rally or call attention to its surreal nature. After all, except for a handful of grotesquely overvalued tech stocks and some fast-food chains, America’s economy, its largest cities and commercial real estate everywhere are slipping into a full-blown depression. Under the circumstances, the revelry on Wall Street is more than a little unseemly. In fact, it is a civilizational embarrassment whose dire consequences our children, their children and their children’s children will be living with for the next hundred years.

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